MP Materials breaks ground on rare earth magnet campus in North Texas

MP Materials breaks ground on rare earth magnet campus in North Texas

MP Materials has selected a 120-acre site in Northlake, Texas, for its 10X rare earth magnet manufacturing campus, a $1.25 billion facility developed under a public-private partnership with the US Department of Defense aimed at reducing American dependence on foreign rare earth sources. The Northlake location sits fewer than 10 miles from MP’s existing Independence facility in Fort Worth, extending the company’s downstream footprint in the regio…